What is driving Bitcoin’s rally as it surges past the $89,000 milestone?

Is the crypto winter finally over? After years of stagnation and fading interest, the cryptocurrency market has come roaring back to life. Bitcoin prices have surged, not only surpassing their previous high but doing so by a substantial margin, signalling a potential end to the long ‘crypto winter’ for digital currency enthusiasts. On Tuesday, Bitcoin approached the $90,000 mark, reaching $89,250, fuelled by optimism surrounding Donald Trump’s election as US president and the anticipation of a potentially crypto-friendly administration.